Allied World Enhances Professional Risk-Transfer Product

August 7, 2015

Allied World North America has introduced an enhanced professional risk-transfer organization (PRO) professional liability product. The product offers greater flexibility and a more responsive design, enabling clients to select and use only the coverages they need by choosing from an array of E&O, D&O, EPL and privacy and network security protection.

The revised product also includes an expanded privacy and network security (SRVS) coverage option where insureds can purchase up to $1 million in additional limits and notification/monitoring costs for up to 75,000 individuals without having to buy an additional policy. Coverage enhancements (available either as a sub-limit or up to the full policy limit) also include governmental claims coverage for E&O, non-rescindable Side A coverage and derivative demand coverage for D&O claims and third-party EPL coverage.

“The legal landscape is constantly evolving and insurance companies are looking for comprehensive options to protect themselves against bad faith litigation and claims against their directors and officers. This product provides wide-ranging protection and choice,” said Joyce Duarte, Vice President, E&O Division at Allied World.

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